NEWS

Aurora Labs raises $23 million to automatically detect bugs in car codebases

September 22, 2020

Connected car analytics startup Aurora Labs today raised $23 million, bringing its total raised to $34 million. Notably, the capital comes after Porsche SE expanded its investment in Aurora to $2.5 million, which gave the automaker a "low single-digit" percentage stake in the startup.

RAVIN.AI lands Fraser McCombs-led investment, announces GM for Americas

August 13, 2020

RAVIN.AI, a developer of vehicle inspection technologies, recently announced an investment round led by Fraser McCombs Capital, while also bringing on auto industry executive Jim O’Brien as its Americas general manager.

The company said in a news release it plans on using the funding round for North American growth and to further develop its platform.

Walmart’s self-driving partner is changing e-commerce economics

June 19, 2020

For a self-driving vehicle startup, Gatik has an odd mantra: don’t agonize over autonomy, worry about delivery. Specifically, the three-year-old company is focused on so-called middle-mile delivery, the oft-overlooked leg between when, say, a sweater is trucked across the country and when it is ferried over the last few miles and dropped on someone’s porch. 

Vroom CEO Paul Hennessy on company’s public debut

June 9, 2020

Paul Hennessy, CEO of Vroom, discusses the company’s IPO and outlook with CNBC’s “Squawk Alley.”

GuardKnox Rolls Out New ‘Cybertech Tier’ Vehicle Supply Chain Category

May 19, 2020

To bring about the next generation of service-oriented and software-defined automobiles, computing solutions provider GuardKnox has rolled out a new category on the worldwide vehicle supply chain called the Cybertech Tier. The move comes as the firm says non-traditional tech firms are changing the definition of the traditional supply chain to bolster vehicle innovation, according to an announcement.

Online used-car seller Vroom files for a June initial public offering

May 10, 2020

Online used-car seller Vroom Inc. is set to go public, according to a Wall Street Journal report today that the company has filed paperwork for a possible June initial public offering. Founded in 2013, Vroom pitches itself as an e-commerce platform designed to offer a better way to buy and sell used vehicles. The company employs “data-driven technology” to bring “all phases of the vehicle buying and selling process to buyers wherever they are.”

Optimus Ride pivots role of autonomous vehicles during COVID-19

April 14, 2020

Like many autonomous vehicle companies, Boston-based Optimus Ride paused its autonomous operations at customer sites due to COVID-19. The MIT spin-off is doing its part to observe social distancing and help contain the spread of the novel coronavirus. One of the places it paused operations was at Paradise Valley Estates (PVE), a retirement community for people ages 55-plus in Fairfield, Calif. Optimus Ride offers a point-to-point service for PVE residents within the gated community.

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